Wall Street Legend Sandy Weill: Break Up Big Banks

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[ReliableInsider]

Glass–Steagall



[James Brown]

in other words, Glasspiegel

Eliminating that was the beginning of all this mess.

[PalovbsItch]

yeah, well abolish private banking and the unlawful charges of interest (usery) and the 'interest' in fleecing the taxpaying 98% drops away,legalise drugs, ditto, which funds unlawful wars/eugenocide/ecocide. But this guy isn't interested in any of that. The push is for a one world bank (IMF/World Bank) based on electronic debits/credits to pay for hideous carbon taxing - slush fund for the criminal cabal = Mafioso Zionista Banksters in the BBA.Bring them to Law on child snuff/porn profits.

[claudine marcine]

greedy bastard

[la1rose]

"The only thing we really liked about Glass-Steigel we cared about is the insurance underwriting."

1:46

[jk147a]

This man is a shameless criminal cunt. If you see him spit on him.

[Khuno2]

Andrew Ross Sorkin is a spineless mental midget (CNBC is an infomercial network). Word has it that Weill's position in Citi was worth almost three quarters of a billion dollars in 2003, and is now worth a little more than forty million. Could it be that he's saying this because of the hundreds of millions he lost in the interim? Hmmm...the world changes...and the world (Sandy's world--you're just taking up space in it) that we live in now is over $700 million lighter than in 2003.

[Chris Bibbs]

LOLLLLLLLL

of all mother fuckers....

[Tas von Gleichen]

How hilarious that this is coming from him.

[Faraja Massawe]

cleaning his act,The mega banks are hard to manage. With more money on hand, the blow-ups are larger, and potentially more destabilizing. the US government still doesn't know how to regulate big financial firms. But among the reasons to break up the big banks, profits isn't one of them.

[atomiconnection]

ENRON developed mark-to-market accounting as a "creative" scheme to deregulate the financial system. In 2008, SEC (under Bush's Administration) authorized mark-to-market accounting, which enabled stock issuers to attract investment for a nicely projected profit. The stock issuer never made those profits. Instead, ENRON (stock issuer) bought electricity companies who shut off power to drive up price for electricity. Mark-to-market accounting illegally generated money for investors. Weill=deceit.

[David Bakken]

This guy just said we broke the country now lets go back the way it used to be.